Green Point ApS

This annual report has been prepared in accordance with the provisions of the Danish Financial Statements Act ​governing reporting class C enterprises (medium), compared with class B in the previous year, which has resulted in more comprehensive disclosures in the annual report.​​The companies purpose is to own, develope, operate as investment and later on transfer the property located on Hørkær 8, 2730 Herlev, as well as other activities related here to.

Development in activities and finances

The company has for this reporting year, a profit of 82,914k DKK compared to a profit last year of 109,664k DKK, the equity now comprises 394,534k DKK compared to last year 310,622k DKK . ​ ​Changes in activities and finances should generally be assessed taken into account that all development of investment property is finished during 2025 and that the rental of properties has commenced. This has resulted in increased rental activity, rental income (gross profit) and deposits. Interest are no longer recognised as acquisition costs for investment properties which has lead to an increase in financial expenses. Bank loans used to finance the development of investment properties have been converted into mortgage loans. ​ ​The positive development in fair value of investment properties is a combination of an yield-decrease, an increase in average rental income rate and that the construction is complete which have increased expected future cash flow in the valuation model. ​ ​The property is fully let.

For the financial year 2026, a gross profit in the range of DKK 56-62 mio. and a profit before fair value adjustments and tax in the range of DKK 24-30 mio. is expected.

Profit/loss for the year in relation to expected developments

The company did not previously commented on expected developments however, development is in line with Management expectations.

Investment properties are measured at fair value. The fair value is calculated using the DCF-model with an individually determined required rate of return depending on the property's location and condition. The valuation​is inherently uncertain in nature.

Unusual circumstances affecting recognition and measurement

There have been no unusual circumstances during the financial year.

In February 2026 payables to group entreprises DKK 277 mio. as of 31 December 2025 have ​been refinanced by issuing of new mortgage debt. Based on this, Management assesses the Company's capital ressources to be sufficient.​ ​Apart from this no events have occurred after the balance sheet date to this date, which would influence the ​evaluation of this annual report.

In February 2026 mortgage debt and payables to group entreprises DKK 277 mio. as of 31 December 2025 have ​

been refinanced by issuing of new mortgage debt. ​ ​Apart from this no events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.

The Entity participates in a Danish joint taxation arrangement where Green Point Holding ApS serves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is ​therefore liable for income taxes etc. for the jointly taxed entities, and for obligations, if any, relating to the withholding of tax on interest, royalties and dividend for the jointly taxed entities. The jointly taxed entities' total known net liability under the joint taxation arrangement is disclosed in the administration company's financial statements.

12 Assets charged and collateral

Mortgage debt and Bank loans are secured by way of a deposited mortgage deed registered to the mortgagor on investment property of respectively DKK 92 mio. mortgage and DKK 636 mio. mortgage debt nominal. ​ ​The carrying amount of mortgaged Investment property is DKK 1,465 mio.